Stormclouds gather for Facebook's Libra currency

[ad_1] Libra won’t ‘play at being pirates’ International outcry is mounting over Facebook’s Libra—with central banks, governments and regulators railing against the social media giant’s upstart cryptocurrency. Facebook unveiled plans in June for Libra—which will roll out in 2020—to be backed by a basket of currency assets to avoid the wild swings of Bitcoin and […]

France will block development of Facebook Libra cryptocurrency

[ad_1] Officials want to sqeeze Facebook’s proposed cryptocurrency, Libra, into the strict regulatory framework for financial products France warned Thursday it will block development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments. “I want to be absolutely clear: in these conditions, we cannot authorise the development of Libra […]

Kobo debuts Libra H2O e-reader, updates software with more tools for readers

[ad_1] Valentina Palladino Nearly one year after releasing the Forma e-reader, Kobo returns today with a new slab dubbed the Kobo Libra H2O. The $169 e-reader retains the skeleton of the Forma, but is actually a smaller device. It has a 7-inch, 1680×1264, 300ppi E Ink display, down from the Forma’s 8-inch display, but it has […]

Privacy watchdogs warn Facebook over Libra currency

[ad_1] The letter follows a chorus of warnings about Facebook’s entry into the shadowy world of digital banking Global privacy regulators joined forces Tuesday to demand guarantees from Facebook on how it will protect users’ financial data when it launches its planned cryptocurrency, Libra. The watchdogs from Australia, the US, EU, Britain, Canada and other […]

Libra is just the beginning: Insights from blockchain researchers

[ad_1] Professor Jason Potts and Professor Dr Philipp Sandner at Austrade in Frankfurt with Austrade’s Steve Rank, RMIT Europe’s Boaz Kogon along with blockchain experts including Alexandra Rimpu from Commerzbank AG, Dieter Sellner from DB Schenker and Manuel Machado from Worldline Global and the EU Blockchain Observatory & Forum. Credit: RMIT Moving from a world […]